I receive State Pension and Private Pension and have been quite for some number years with TMI suffering from too much poo poo constantly running out of me. Also vertigo falls for the last 2 and half years.
I worked for 37 years in the Civil Service and am retired 10 - now today Thanks be to God due to satchets from the doctor and starting to eat bulk this is the first day of poo not running down my leg. Sorry for this.
But I keep on feeling well - I would like a paid job to just get me out of the house. I do look at elderly people at the fuel counter at Sainsburys which would suit me lovely. What way would be my income be upset. Am I allowed to work 16 hours or less. Thanks for any help. I am over 60
Assuming you don't get pension credit you should be able to earn as much as you like without any pension being affected. The income will be taxable though and if all your tax free allowance is already used up you'll pay tax at 20%. Whether you have NI deducted will depend on your age
thanks rocky - i pay tax to my state pension and private pension - would they take more tax of me if I start to earn or would I be walking on muddy waters here.
your state and private pension will not be affected by anything you earn (Unless you get pension credit)
you will be allowe dto warn up to your perasonal allowance and then be subject to tax in the same way you were when working
whoops i type too slow!
if you are already taxed, then you must have reached your personal allowance, and you would be taxed at basic rate on what you earn
another factor would be that I owe Tax Man £3,000 which has been agreed for £100 to be taken per month- they over paid me. So if I started to "work" would the tax man take this off me per se - that means I could be working for nothing.
It was you who suggested you, "could be working for nothing", I merely accepted your conclusion, but said it was still worthwhile. After all your reason for getting a job is to get out of the house. The more quickly cleared debt would be a bonus.
These answers have got confusing! There are two issues:
1. Your income tax rate on any earnings will be 20% of those earnings as you have already used up your personal allowance.
2. You are repaying your debt at £100 p mth. No-one can tell you on here whether HMRC will want to increase that amount if your income goes up. In my view, you just go on with the £100 and see whether they do pick up on it & ask for more. If they do, negotiate an affordable increase with them.